Philippines Central Bank Maintains Key Interest Rate at 3%
Manila | 9th November 2017
Philippines’ central bank, Bangko Sentral ng Pilipinas, maintained key interest rate at 3%. The Monetary Board’s decision is based on its assessment that the inflation environment remains manageable.
” PHILIPPINES’ CENTRAL BANK MAINTAINs KEY INTEREST RATE AT 3% “
While inflation has trended higher due mainly to higher utility rates and fuel prices, latest forecasts continue to show the future inflation path staying within the Government’s 3 percent ± 1 percentage point target range for 2018-2019. Inflation expectations also remain anchored close to the midpoint of the inflation target range over the policy horizon.
Source: Bangko Sentral ng Pilipinas